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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    871 Ridgewalk Pkwy Woodstock, GA 30188-4930

    • Strip malls
    • 9,952 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $2,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3666399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 871 Ridgewalk Pkwy

    Year built
    2015
    Construction
    WOOD
    Lot size
    1.13 lot acres
    Property size
    9,952 SF
    Zone code
    LI
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15N17 001 R
    APU
    15N17001R

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,665,000
      6.5%
      $2,460,000
      7%
      $2,285,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,165,000
      Current use
      MEDICAL BUILDING
      $3,690,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,800,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodstock
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.5228
    Latitude
    34.1208
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,844
    $590,640
    $473,240
    $1,063,880
    -
    $1,476,600
    $1,183,100
    $2,659,700

    Comparable in this City

    • Value Estimation
      $6,035,000
      33,231 SF

      Rope Ml Rd

      SHOPPING CENTER, STRIP CENTER • 33,231 SF
      Rope Ml Rd, Woodstock, GA 30188
      View Details
    • Value Estimation
      $9,575,000
      39,111 SF

      915 Ridgewalk Pkwy

      SHOPPING CENTER, STRIP CENTER • 39,111 SF
      915 Ridgewalk Pkwy, Woodstock, GA 30188-4896
      View Details
    • Value Estimation by Request
      123,783 SF

      6236 Holly Springs Pkwy

      Lifestyle centers • 123,783 SF
      6236 Holly Springs Pkwy, Holly Springs, GA 30188
      View Details
    • Value Estimation by Request
      6,000 SF

      6234 Holly Spgs Pkwy

      MINI-MALL • 6,000 SF
      6234 Holly Spgs Pkwy, Woodstock, GA 30188-7806
      View Details
    • Value Estimation
      $4,060,000
      15,105 SF

      14205 Hwy 92

      MINI-MALL • 15,105 SF
      14205 Hwy 92, Woodstock, GA 30188-7126
      View Details
    • Value Estimation
      $1,430,000
      9,862 SF

      105 Main St

      MINI-MALL • 9,862 SF
      105 Main St, Woodstock, GA 30188-5013
      View Details

    Similar Nearby for Sale

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      Woodstock, GA Mixed-Use Investment

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      High-yield redevelopment opportunity. Three buildings, 3,848 sq ft.
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      Prime Woodstock location, multiple uses possible.
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    • $385,000
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      Woodstock Office Condo for Sale

      Prime location, high-traffic area, move-in ready.
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      1.10 Acres

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      Prime Woodstock office space, two suites available.
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      Woodstock Office Condo - 1970 sq ft

      Spacious Office Condo, Prime Location, Versatile Layout
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Kroger-Anchored Center

      Retail space in a popular, high-visibility shopping center.
      12050 Highway 92, Woodstock, GA 30188
      View Details
    • Contact for pricing
      123,783 SF

      Village Shoppes: East Cherokee Retail Space

      Prime Cherokee County retail center; spaces available.
      6236 Holly Springs Pkwy, Holly Springs, GA 30188
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Woodstock Center

      Highly visible retail space in Woodstock, GA near Highway 92.
      12186 Highway 92, Woodstock, GA 30188
      View Details
    • Contact for pricing

      Retail Space Near Costco

      Retail spaces with high visibility and traffic, near Costco.
      285 Ridgewalk Pkwy, Woodstock, GA 30188
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, high traffic, pylon signage.
      Woodstock, GA 30188
      View Details
    • $14,400 /Mo
      16,100 SF

      Woodstock Salon Suites for Lease

      Prime location, move-in ready suites
      3340 Trickum Rd, Woodstock, GA 30188
      View Details

    Property Visit Statistics

    • Visits by month
      15.2k
    • Visitors by month
      12.4k
    • Avg Time on site
      72 min
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    Woodstock, GA 30188-4930
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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